Omaha daily bee., 1887-03-25
A WHEAT RAID ANTICIPATED
The Bears Almost Up to the Point of As
saulting the May Option.
WHAT WILL BRING IT ABOUT
Dizziness Reigns in the Corn Pit, with
But Little FIuctuation-Prov
Deals at Lower Prices.
Quotations.
CHICAGO PRODUCE MARKET.

CHICAGO, March "a i Special Telegram TO
the BEE. Gables were dull ana easier all
around this morning. with further declines
considered not improbable. The open board
started May wheat out at Sic, but BY the time
the regular board opened there were plenty
of sellers at S0Hc and the market decreased
to sOsic, fuctuating while between these
two points. There is so little in the wheat
market that the trade is beginning to argue
that its future depends largely,if not entirely
upon the export branch of IL. and that IL the
slearances continue heavy they will by the
LIST of May make such inroads on the visible
'upply that it will be nowhere near the bug
Dear that it is at present. The local crowd
aave got tired of the mystery of the wheat
zeal and are half inclined to believe now
that they have been afraid Of a bugbear.
For week some of the bears-not the biggest
VI them, hOwever-have been cOurageOusly
alking that "the deal was rotten,' and that
good attack would demonstrate this. They
have not yet summoned courage, however,
to make the attack, but fair weather and
OWer cables and disappointment over the
falling Off new export business are en-.
eouraglng bOldness. 1t is not unlikely that
another raid will be made on wheat such, as
drove it from SEC to 79c A little more fair
weather, or a little further favorable progress
toward good crops, or a little more decisive
decentralization abroad, may decide the attack
at any time 1t isn't worth while prognosti
eating the result. IL might drive the clique
from the field; it might land all the raiders
in the cllque's clutches; but such trial of
strength of the bull clique will GER
tainly soon be made. Commission houses
and brokers say there has been 10
period in long time past when
trade has exhibited such flat and apparently
lifeless conditions. No orders came from
any source to day and even the few shorts
there are out in wheat see no reason why
they should come in. Thus the ordinary
demand from that source is cut off and the
pits left in an extremely dull condition. Two
or three times during the morning May got
up to Sic and sl1sc, but settled back to sOs4c
and remained around that figure till some
time after noon, when few local longs
esyinced disposition to unload some wheat
was little or nothing in corn on the morn
Ing session, values not moving
until after noon, when May fell
TO 39l4c In sympathy with the decline in
wheat Warner appeared to be bullng, ribs
and got May to $79711. But they did not
stay there and closed the morning session
dull but steady. Lard fell off slowly 71S@
10c.
The afternoon markets were steadier and
prices q shade higher on wheat and short
Sic, June at sOascs July at 799sa7y15c, Sep
tember at 791s@S0c, closing at s0s4@SOJsc for
May, SO1sc tor June, 791sc for July, soc for
September. Corn for May sold at 1890
391Sc june at 40AC940ssc, July 4l4@4l3sc.
Oats for May sold at 2s1sc, June at 29c. Mess
for May sold at $500; ;37}}8, June at 743]IS,
July at $50; Short ribs for May sold at
$7,9007.95. closing at $685. June at $500,
july at $S.O5, August at $50.